Friday, May 11, 2007

Halliburton (HAL)


HAL attracted my attention because it is an O&G company. I will never choose this company if not because Dick Chenney has something to do with it. Anyway, the first option that I bought was 2007 Sept 32.50 Call. Well, as usual, after I bought, the option went up 0.20 and then HAL reverses, and my call was suddenly worth 1.95! What a volatility! I panic and decided to take a loss. The order was not filled and again the market proves that I always sell at the lowest low!. Now the option is back to 3.00 range.

HAL looks like it has broken the tringulation with further upside. I hope that this stock can move fast enough for my first lucky break in options.

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